Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 8.01. Other Events

On February 26, 2020, the Board of Directors of Luther Burbank Corporation (the “Company”) authorized the repurchase of an additional $15.0 million of the Company's common stock under its currently existing stock repurchase plan (the "Plan"). This authorization is in addition to the $4.7 million remaining at December 31, 2019 under the current Plan initially approved by the Company's Board of Directors in August 2018. The Plan remains effective through December 31, 2020.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.